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Analyst Downgrade Weighs on Coach Stock

May 27, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of luxury-fashion retailer Coach continued to fall out of vogue, sliding Wednesday after Morgan Stanley analyst Kimberly Greenberger cut the firm’s rating on the stock to Underweight and posted a $32 price target…that’s roughly 12 dollars lower than consensus estimates.

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